Wgu C213 Pre Assessment.... |95 Questions| With Correct Answers.

sunk costs {Ans: costs that are made in the past and cannot be recovered}what is investing activities {Ans: balance sheet accounts; long term assets. property, plant, equipment, investments, cash paid for equipment or investments}Which users would have a primary concern with an organization's ability to provide healthcare benefits? {Ans: Employees}Partial financial information for a company is as follows: Current assets $36,543 Total assets $58,719 Current liabilities $24,824 Total liabilities $48,561 Stockholders' equity $10,158 Sales $46,997 Net Income $ 3,761 Market value of shares $41,316 What is the price-earnings (PE) ratio for this company? {Ans: 11.0}During its first month of operations, a manufacturer incurs the following costs in dollars related to activities within its factory: Direct materials costs $5,000 Indirect materials $2,000 Direct labor $15,000 Indirect labor $3,000 Factory rent $10,000 Depreciation on factory equipment $8,000 What are the manufacturer's total product costs for the month? {Ans: $43,000} {Ans: }describe the difference between a manufacturing environment and a service environment {Ans: the only difference is a manufacturing company has direct inventory/materials.}How are assets listed on the balance sheet? {Ans: in order of decreasing liquidity}When is revenue recognized? {Ans: when the promised work